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Started By
Message
Silver at over $29 per oz today
Posted on 8/6/20 at 7:53 pm
Posted on 8/6/20 at 7:53 pm
Posted on 8/6/20 at 7:55 pm to Buckeye Jeaux
That’ll fry right up when the dollar crashes
Posted on 8/6/20 at 7:59 pm to jimbeam
quote:
That’ll fry right up when the dollar crashes
You aren’t smart with this stuff are you?
Posted on 8/6/20 at 8:03 pm to Buckeye Jeaux
At some point either precious metals or equities are reversing their trend....stay tuned
Posted on 8/6/20 at 8:05 pm to IslandBuckeye
quote:
William DeVane?
Posted on 8/6/20 at 8:08 pm to Bass Tiger
quote:
At some point either precious metals or equities are reversing their trend....stay tuned
today's silver price is the highest in 40 years.
[oops. read the graph wrong. I stand corrected]
This post was edited on 8/6/20 at 10:13 pm
Posted on 8/6/20 at 8:23 pm to Buckeye Jeaux
Gold set and all time high today also.
Posted on 8/6/20 at 8:24 pm to Buckeye Jeaux
quote:
today's silver price is the highest in 40 years.
I don’t think so.
Posted on 8/6/20 at 8:26 pm to Buckeye Jeaux
Should I turn my cash into silver? Gold? Legit question.
Posted on 8/6/20 at 8:32 pm to Bass Tiger
I'm pretty sure it's the opposite. They'll go up in tandem with the current monetary and fiscal regime.
Edit: we're not even at a 20 year high on silver
Edit: we're not even at a 20 year high on silver
This post was edited on 8/6/20 at 8:33 pm
Posted on 8/6/20 at 8:37 pm to Buckeye Jeaux
quote:
today's silver price is the highest in 40 years.
Absolutely false
Posted on 8/6/20 at 8:38 pm to NeonSunburst
Silver sat around $16-18 for a long time. All time high was ~$50 several years ago. If you had some silver already, it wouldn’t be a bad time to sell. I’d wait and see to buy.
Posted on 8/6/20 at 8:41 pm to NineLineBind
200 beans in the Central Fund, and enjoying this ride. But I know it means inflation is coming.
Posted on 8/6/20 at 10:12 pm to wutangfinancial
quote:You are correct. I misread the graph.
Edit: we're not even at a 20 year high on silver
Still, 29 dollar silver is a huge spike.
Posted on 8/6/20 at 10:26 pm to Buckeye Jeaux
quote:
Still, 29 dollar silver is a huge spike.
It was $12.50 six months ago.
Posted on 8/6/20 at 10:31 pm to TNTigerman
Read somewhere paper silver per oz vs actually silver per oz is like 11,000 to 1, meaning lots of speculative plays going on vs actually buying of silver.
Gold has a similar issue also.
Posted on 8/6/20 at 10:44 pm to Alltheway Tigers!
quote:
Read somewhere paper silver per oz vs actually silver per oz is like 11,000 to 1, meaning lots of speculative plays going on vs actually buying of silver.
About 29 dollars is the Spot price. Cash on the barrel price.
Old US silver coins (junk silver) is now a little over 20 dollars per dollar of face value.
And, of course, there is a 'buy' price and a 'sell' price that vary from dealer to dealer.
Calculator - LINK
This post was edited on 8/6/20 at 10:46 pm
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